The study shows that the value of these minerals is more than $12 trillion
By Steve Moore
WASHINGTON, D.C. (Texas Insider Report) — This morning the Committee to Unleash Prosperity released its landmark study by our former senior fellow Ned Mamula, now the newly confirmed head of the U.S. Geological Survey. The study is both eye-opening – and infuriating.
Because of anti-mining restrictions that date back to the Clinton era, the U.S. is now needlessly reliant on a China monopoly of critical minerals. Now, China is exploiting that status to threaten the U.S. with an embargo of these metals needed for technology, manufacturing, microchips, etc. This is the source of the latest trade war between the U.S. and China.
WE DID THIS TO OURSELVES!
The UP study confirms that no nation has more rare earth minerals than we do – mostly in the mountains out west. The study shows that the value of these minerals is more than $12 trillion.
Secretary of the Interior Doug Burgum is committed to a "Mine Baby Mine" strategy – and it's about time.
If we don't "Mine Baby Mine," our economy will continue to be held hostage by the Chinese just as OPEC had a blade to our neck for 30 years with oli & gas.
Steve Moore – a former Wall Street Journal Editorial Page writer, Chief Economist for The Texas Insider, and a former Senior Economic Adviser to Donald Trump – is a Senior Fellow at both FreedomWorks and the Heritage Foundation. Along with Steve Forbes & Art Laffer, he is Co-Founder of the Committee to Unleash Prosperity. Using compelling charts, videos, and maybe even a little humor, Moore and the Committee's free Daily Newsletter provides information not readily available anywhere else – short and timely inside updates on the economy, the D.C. political landscape, and numerous other issues that help you stay informed and allow you to be the smartest person in the room.
